Italy looks to boost energy ties with Qatar in wake of Ukraine crisis

Middle East
06-03-2022 | 09:01
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Italy looks to boost energy ties with Qatar in wake of Ukraine crisis
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Italy looks to boost energy ties with Qatar in wake of Ukraine crisis
Italian Foreign Minister Luigi Di Maio flew to Qatar on Saturday for two days of talks on boosting energy cooperation as Rome stepped up efforts to secure new gas supplies in light of the Ukraine crisis.
 
Underscoring the sudden drive to bolster ties with the gas-rich Gulf state, Prime Minister Mario Draghi also spoke to the emir of Qatar, Sheikh Tamim bin Hamad al-Thani, with energy high on the agenda, Draghi's office said in a statement.
 
Russia's invasion of Ukraine has triggered sweeping Western sanctions that threaten to disrupt commodity flows, raising the specter of gas shortages, blackouts and further price increases.
 
Italy is particularly exposed. It uses gas to generate 40% of its electricity and imports account for more than 90% of its gas needs. Last year 40% of those imports came from Russia and the government has said it wants to cut its reliance.
 
 
REUTERS
 

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